Simple Interest

Simple Interest

9th - 10th Grade

21 Qs

quiz-placeholder

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Simple Interest

Simple Interest

Assessment

Quiz

Mathematics

9th - 10th Grade

Medium

CCSS
7.RP.A.3, HSF.BF.A.2, 8.EE.C.7B

+4

Standards-aligned

Created by

Cara Steinberger

Used 2+ times

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21 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

$7.50
$26.25
$87.5
$262.50

Tags

CCSS.7.RP.A.3

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The simple interest formula is I=Prt.  The P represents the principle.  The principle is ___________________.  

the amount of money borrowed or deposited
the percent interest for his year
the amount taxed
the amount the bank owes you for being a customer at their bank

Tags

CCSS.8.EE.C.7B

3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Emilio borrows $1200 from a bank with 8% simple interest per year.  How much will he have to pay back total in 2 years?

$150
$192
$1350
$1392

Tags

CCSS.7.RP.A.3

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Jerry borrowed $4,000 for 5 years at 6% simple interest rate. How much interest is that?

$800
$1,000
$1,200
$1,500

Tags

CCSS.7.RP.A.3

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Julie borrowed $3,500 for 3 years at 7½% simple interest rate. 
How much interest is that?

Julie borrowed $3,500 for 3 years at 7½% simple interest rate. 
How much interest is that?
$787.50
$810
$812.50

Tags

CCSS.7.RP.A.3

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Ann puts $300 in a bank account earning 4% interest.  How much will she earn in interest in 1 year?

4
8
12
16

Tags

CCSS.6.RP.A.3C

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Starting money = $350.
Interest rate = 2.5%
TIme = 3 years.
How much interest?

7.50
26.25
87.5
262.50

Tags

CCSS.HSF.BF.A.2

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